₦airaland Forum

sonofthunder:
Okay sir, thanks for this short guide. I'll reach out later. Do you work with any of these organisations?

I'm in partnership with them as a sales rep.

sonofthunder:
Hello gurus on the house, I'm quite new to mutual funds investment. Can you share some of the good companies to invest with for mutual funds and their current rates?

Thanks

For money market fund go with Stanbic, for Fixed income go with SFS Capital, for dollar fund go with Norrenberger and for stocks go with Investment one.

To open an account for any of them click the links on my signature. My numbers are also displayed you can call/chat with me for details or a guide.

Blinkingbae:
Someone used my referral link on stanbic mutual fund to register but am not seeing it as part of my referral list. What could be the issue?

Sometimes it's system glitch. It will still reflect if the link was used, you will noticed that your points would have increased.

EduC:
But fixed income fund doesn't compound but MMF does, right?

Both compound, it depends on the investor's choice at the point of account opening, if you opt for reinvestment for either MMF or Fixed income it will compound otherwise your interest is paid to your bank account at the end of each quarter.

To open fixed income fund click the second link on my signature and first link if you want to open MMF account or chat me up if you need further clarification.

enque:
Better late than never
Little drops!

Yes o. One thing with fixed income fund is that the rate fluctuations is less compare to MMF

Damilola72:
Please on the Stanbic ibtc app,there is a place that reads current returns with the amount written
What does it means

That is the accrued interest for 1st of December till date. By 31st of December it will be reinvested and the circle is repeated each month.

NL1960:
Will interest be calculated backwards?.

No. it's for the current balance and any top up from the moment.

enque:
Bros, SFS rates have finally jumped to 11%.
What a way to end the year

Revalution things.

enque:
revaluation wey go still enter 2024 abi? ya doing weh
Me I don pause them dey flex for stanbic mmf

You Sabi the game well.

FuckingNaira:
For where sir?
Sfsfund is still @ 10.02
Not moving at all

Don't worry once they do their revalution of the underlying assets it will reflect. Moreeso SFS is a fixed income fund which includes bonds in their assets

ytdivine:
For how long could this last?

One may not be able to predict that. Many factors are involved paricularly economic policies of the country and other investment windows. Mainwhile enjoy it while it last because no matter how short or long, it's only those that invest in the fund that get benefits.

kolaish:
@all. I bought 70,000 units of Geofluid shares @ N5 per share in 2008 through private placement at Mr Abayomi Obabuloju’s office at Onipaanu in Lagos. I also bought 50,000 units for a close friend using his name but my signature because my friend was not in the country as at the time I bought it for him. But I can’t remember if I collected share certificates for both because I searched the house today and didn’t see anything but only photocopy of the form I filled before I submitted it. Presently, Geofluid is listed on NASD @ 269K. The registrar to Geofluid is Meristem Registrar. So, the question I will like somebody to help provide answers to are:

What steps can I take to recover the shares for both of us and sell it? I previously want to leave the Geofluid alone until probably one day when the price will get to the amount I bought it, buy my friend is bent on selling his own shares now.

Copy: @emmasoft, @customstreet, @emmanuelewumi

Steps to take whether you are selling or not.

1. Open a NASD cscs account with a stockbroking firm that has license to operate on NASD platform. You can do that with investment one stockbrokers. Chat me up for guidance.

2. Go to meristem's office. Go along with your means of identification - NIN slip, Int'l passport, or drivers licence.

3. As you get there, complain that you participated in the private placement and didn't receive certificate.

4. You will be given a demat form which you will take to your stockbroker for processing. When done, your holdings will reflect in your NASD cscs, you can then decide to sell or leave it in your cscs account.

Note that registrars will not attend to you on matters regarding your friend's holdings. Registrars don't want to attend to a third party when it comes to a shareholder's complain regarding his/her holdings.

NL1960:
She has since done that as i took her through the process. She has even seen her 1-day interest today as the subscription was done yesterday. She don dey shout say she don hammer. She is now waiting for her stock market sales to hit her account so that she can equally move it there. At the rate she wants to go with this MMF, e be like say quantity of food go reduce for house o as she fit begin 'divert' house keeping money to MMF.

no be small hammer o, rate don enter 11.56%. No worri house keep money go grow like grass.
You are doing a good job of carrying her along the safe investment journey. When women sabi investment children are easily influenced positively than when it's only one of the parents is involved in investment.

NL1960:
e-account gotten. First subscription done by her and funds already credited to her MMF.

Great! Please ask her to sign in to her account on the web portal at least once before continuing with the app.

elmas:
Sir please what is the difference with treasury bills and is the interest rate at 8% per annum?

Chat me up on WhatsApp with the number on my signature

elmas:
Oh ok sir, it won't reduce my capital after a period of time?

For MMF your capital is guaranteed.

elmas:
Good day sir, please does mmf interest rate fluctuates?

Yes it does because the rates are daily valued but it's not volatile ie the fluctuations in rate is not sharp it revolves round a particular figure. It's currently at the range of 8 to 12.5% in the industry.

yak:
Please, I would like anyone to explain the difference between balanced fund and equity fund.
I have some funds in balanced fund(United Capital), the fund is doing well but I'm becoming greedy

Mutual funds generally are pull of funds from individuals and corporate bodies managed by a professional called the fund manager.

There are different mutual funds which are mostly named based on the underlying asset.

Equity funds as the name implies have the underlying assets as shares of quoted companies, which means the money invested by investors who subscribed to Equity fund is solely invested in shares hence they belong to the High-risk type of mutual funds. The value fluctuates according to the prices of equities. If the stock market is doing well, the fund does the same, and vice versa.
Investors can lose their capital and gains in Equity funds. There is nothing guaranteed.

On the other hand balance funds have underlying assets divided into various instruments like equities, real estate, and money market instruments, that is how it derives the name balance. The fund managers tend to balance up the assets with different instruments with some low-risk, medium, and high-risk instruments

The reason most balance funds are doing well generally this year is that there has been a long bullish run in the equity market this year and at the same time rates are increasing because of inflation rates in the money market and fixed-income instruments.

For all investments, balance fund inclusive follow your investment objectives so that you will not be greedy or fearful.

The least risky of them all is the money market fund.

Click on the link on my signature to open money market fund, Fixed income fund or both.
They are low risk funds - capital and interest guaranteed.

enque:
yes it is possible. Just fund your account with the 1M and watch ur interest grow every month

cc emmasoft

In addition to @enque post. You can actually invest in MMF with any amount from 5k at anytime and withdrawal is also possible at anytime.
However, if withdrawal is made within the first 30 days you lose 20% on the accrued interest on the amount you are withdrawing.
If you are yet to open MMF account, click the first link on my signature and complete the online form. Within 24hrs your account will be opened. Otherwise just deposit the 1million in your existing MMF account and get both your accrued interest and capital at the end of the one month.

You can chat me up if you need further guidance.

NL1960:
Online account opening through your link done. Now waiting for e-account so that funds can be transferred.

Thank you my Oga.
I'm sure you will get the e-account number by tomorrow.

NL1960:
Noted. I might also use your link to fill it online for her.

Oh better. It's the first link on my signature. Remember to pick tier 3 for a non-limited account.

agbekoya:
Thanks for the update. I just hope redemption payment can be to $ account when even subscription is done by naira payment and they won't insist on naira payment.

Redemption is in dollars. Subscription is actually in dollars, it's just to help some interested investors who find it difficult to get dollars that is the reason for the naira option during the subscription, otherwise, every transaction is done in dollars, it's not a general industry practice but rather more of a peculiar case.

NL1960:
@emmasoft. Good that you posted as i totally forgot about you. My wife wants to join me in StanbicIBTC MMF. If she goes to their office to open the account, i will want her to link it to you. Is that possible?.

Yes. It's possible. There is a space for a referral code on the form she will be given, she should write L63LJ7GX in that space and let them know that it's the code of the person who referred her. I hope she goes to their office at VI because that is where she can get a prompt response.
If you don't mind I can send you the form with my code already printed on it. I tried to attach it here it's not going through.

Thanks for remembering me. It's appreciated and not taken for granted.

agbekoya:
Meristem Securities dollar mutual fund will open on Monday 11 December, minimum subscription is $500 just like Norrenberger. I am considering getting on the dollar mutual fund train with either of these two companies. I like opinions of comparison to help choose between these two companies. Thanks in advance

Go with Norrenberger especially if you don't have dollar. They accept naira but their conversion rate is always slightly above black market rate on any of the day you are investing.

Contact me if you decide to go with them.

emmanuelewumi:
Who is the new core investor of Ellah Lakes.


Okomu was not profitable when it was sold by FGN at N5.00 per share


Presco was not profitable when it was sold by Edo State and Delta State government at N5.00.


Think of what we get from palm oil

Vegetable oil when bleached, margarine when the bleached oil is hydrogenated.

Body cream, soap production, drugs etc

Telluria Limited now have a majority stake in Ellahlakes. The new MD Chuka Mordi is a Director in Telluria Ltd.

Locotrader:
Good morning folks.
Transcorp is planning to separate the power subsidiary .How true is this news and what is the effect on share price?
Positive or negative?

Both!

Good news if the separation is like Afriprud, ucap and afriland was unbundled from UBA

Bad news if it's separated the way Transcorp Hotel was separated from Transcorp

Avenger25:
Good evening, I registered Mutual fund using Stanbic IBTC. They have sent me the account number and how to fund my mutual fund account. But I wasn't sent the login details for the app.

Did I miss anything out, how can I get my login details?

What you have is all you need to start investing.
After your first deposit, a generic password will be sent to you. Login with that and you will be prompted to change it to your preferred password.
Don't forget to use your e account number as your narration when doing the bank transfer.
If you do the transfer this night or tomorrow morning your password will be sent before COB tomorrow.

Luada:
Gooday everyone, am glanning to invest in the nigeria stock exchange market, so i want to ask how does it works and how do i get started.

Note: I trade in the crypto market.

To get started, open a stock/CSCS account.
Click the third link on my signature to open account for free with Investment One Stockbrokers.
As to how it works, read stuffs on this thread and get in touch.

Foodempire:
Kindly explain the bolded. I thought there's no withholding tax on treasury bills, is this new?

Read the page before this and at the beginning of this page you find the answer.

NL1960:
If we drop it in this December period, what are we going to use to buy rice and chicken or travel to the village?.

You can always work it out my Oga remember say January dey looong as they say.

Let your Detty December money make some money for you before it gets Detty.

MMF Rate is responding to High Tbills rates as earlier noted. The MMF rate is on the way up try and go up with it.
By tomorrow it will be December, take advantage of increasing MMF rates and make more money this December.
I will advise folks to take this opportunity and drop your funds for the festive period and January 2024 in MMF to have better returns.

Click the link on my signature to start investing in the Stanbic MMF or contact me.

Let your Detty December money make some money for you before it gets Detty.

MMF Rate is responding to High Tbills rates as earlier noted. The MMF rate is on the way up try and go up with it.
By tomorrow it will be December, take advantage of increasing MMF rates and make more money this December.
I will advise folks to take this opportunity and drop your funds for the festive period and January 2024 in MMF to have better returns.

Click the link on my signature to start investing in the Stanbic MMF or contact me.